Question 7 of 10 -15 View Policies Current Attempt in Progress Sunland Technologies Inc. reported the following information related to its shareholders' equity on January 1: Common shares, 840,000 authorized, 420,000 shares issued Contributed surplus-reacquisition of common shares Retained earnings $1,260,000 14,130 702,000 1. During the year, the following transactions related to common shares occurred in the order listed: Issued 35,000 shares at $4.30 per share. Reacquired 10,000 shares at $3.00 per share. Issued 5,000 shares at $4.90 per share. Reacquired 19,000 shares at $4 per share. Reacquired 75,000 shares at $3 per share. 2. 3. 4. 5. (a) Calculate the number of shares authorized and issued at the end of the year. Number of shares authorized 840000 o ere to search BE hp Question 7 of 10 -/5 (a) Calculate the number of shares authorized and issued at the end of the year. 840000 Number of shares authorized Number of shares issued 394000 (b) Determine the ending balances in each of the following accounts: Common Shares, Contributed Surplus--Reacquisition of Common Shares, and Retained Earnings. (Round the average issue price to two decimal places, e.g. 5.27 and final answers to decimal places, eg. 5,276.) $ Common shares $ Contributed Surplus-reacquisition of common shares $ Retained earnings Attempts: 0 of 1 used Submit Answer Save for Later O BE Search hp